Cairo - Mubasher: Palm Hills Development (PHD) has launched new sales and reservations in two of its commercial projects in West Cairo, Palm Valley Mall and Palm Central, formerly known as Office 8 Commercial Building.
Sales recorded EGP 470 million since launch in April 2017, according to a press release issued Tuesday.
Palm Valley Mall is a mixed use development adjacent to Palm Valley residential compound, which is currently under development in West Cairo.
Palm Valley Mall's Palm Central is a mixed-use multitenant building adjacent to phase 8 of Palm Hills October, West Cairo, as 67% of available space was sold out with new sales recording EGP 110 million at an average selling price of EGP 38,000 per square meter, Office 8 will be completed during 2018.
The launch of both Palm Valley and Palm Central come at the back of the launch of VGK Mall in 2016, in which sales recorded EGP 266 million. Delivery of units will start in June 2017, which will result in more than EGP 120 million in profits, the company indicated.
